Brian F. Rich Sells 4,000 Shares of CMS Energy Co. (NYSE:CMS) Stock

CMS Energy Co. (NYSE:CMS – Get Rating) SVP Brian F. Rich sold 4,000 shares of the company’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $61.72, for a total transaction of $246,880.00. Following the transaction, the senior vice president now owns 91,927 shares in the company, valued at $5,673,734.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

CMS Energy Trading Down 0.9 %

NYSE:CMS traded down $0.58 on Friday, reaching $61.34. The company’s stock had a trading volume of 3,536,522 shares, compared to its average volume of 1,901,816. CMS Energy Co. has a 1-year low of $52.41 and a 1-year high of $73.76. The business’s 50-day moving average price is $61.55 and its two-hundred day moving average price is $61.37. The firm has a market cap of $17.89 billion, a PE ratio of 21.52, a PEG ratio of 2.40 and a beta of 0.34. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.78 and a current ratio of 1.15.

CMS Energy (NYSE:CMS – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.05 billion. CMS Energy had a return on equity of 11.57% and a net margin of 9.74%. CMS Energy’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 EPS. Equities research analysts anticipate that CMS Energy Co. will post 3.11 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Monday, February 13th were issued a dividend of $0.4875 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 3.18%. This is a positive change from CMS Energy’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, February 10th. CMS Energy’s dividend payout ratio (DPR) is presently 68.42%.

Institutional Investors Weigh In On CMS Energy

Several institutional investors have recently added to or reduced their stakes in the stock. Covington Capital Management acquired a new stake in shares of CMS Energy in the 3rd quarter valued at about $27,000. Motco acquired a new position in CMS Energy during the 3rd quarter worth approximately $29,000. Pinebridge Investments L.P. bought a new position in shares of CMS Energy during the 4th quarter worth approximately $29,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of CMS Energy in the third quarter valued at approximately $34,000. Finally, Parkside Financial Bank & Trust lifted its position in shares of CMS Energy by 63.9% in the third quarter. Parkside Financial Bank & Trust now owns 821 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 320 shares in the last quarter. 92.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CMS has been the subject of a number of recent research reports. StockNews.com initiated coverage on shares of CMS Energy in a research note on Thursday. They set a “sell” rating for the company. Credit Suisse Group upgraded shares of CMS Energy from a “neutral” rating to an “outperform” rating and upped their target price for the company from $61.00 to $64.00 in a research report on Monday, November 21st. Wells Fargo & Company reduced their price target on CMS Energy from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Friday, February 3rd. BMO Capital Markets dropped their price objective on CMS Energy from $70.00 to $69.00 and set an “outperform” rating for the company in a report on Tuesday, February 14th. Finally, Morgan Stanley reduced their target price on CMS Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $67.20.

CMS Energy Company Profile

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CMS Energy Corp. engages in the provision of electric and natural gas activities. It operates through the following business segments: Electric Utility, Gas Utility, and NorthStar Clean Energy. The Electric Utility segment focuses on generation, purchase, distribution, and sale of electricity. The Gas Utility segment includes purchase, transmission, storage, distribution, and sale of natural gas.